Sun Country Airlines (NASDAQ:SNCY) Releases Earnings Results, Misses Expectations By $0.02 EPS

Sun Country Airlines (NASDAQ:SNCY) posted its quarterly earnings data on Monday. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02), Briefing.com reports. The firm had revenue of $311.50 million for the quarter, compared to the consensus estimate of $316.23 million. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS.

Sun Country Airlines Trading Up 0.9 %

Shares of Sun Country Airlines stock traded up $0.10 on Thursday, reaching $11.44. 162,287 shares of the company’s stock were exchanged, compared to its average volume of 593,071. The company has a market capitalization of $609.64 million, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63. Sun Country Airlines has a 52 week low of $11.15 and a 52 week high of $23.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.65. The firm’s 50-day moving average is $14.22 and its two-hundred day moving average is $14.52.

Insider Activity

In related news, CEO Jude Bricker sold 2,145 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $14.35, for a total transaction of $30,780.75. Following the transaction, the chief executive officer now directly owns 124,991 shares of the company’s stock, valued at $1,793,620.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 5,073 shares of company stock worth $72,944 in the last quarter. 3.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNCY. Morgan Stanley raised Sun Country Airlines from an “equal weight” rating to an “overweight” rating and set a $21.00 target price on the stock in a report on Monday, February 26th. Susquehanna reiterated a “neutral” rating and issued a $15.00 target price (down from $17.00) on shares of Sun Country Airlines in a research report on Wednesday, January 10th. Barclays raised their price target on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Finally, TD Cowen decreased their price target on Sun Country Airlines from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.17.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.